This story is really about how Obama's student loan reform would save big bucks. Besides, it's a nice change from All Sodomayor, All The Time.
President Obama’s proposal would allow the private companies to continue servicing the loans, protecting thousands of office jobs. However, they would no longer get the loan origination tasks, which involve the world of high finance and high pay. Stunningly, this turns out to be the part of the business that is most popular. (The chief executive of Sallie Mae, the giant in this line of work, made $4.6 million last year. The vice chairman made more than $13.2 million plus the use of a private jet.)
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